Services Procurement Management (SPM) brings to the procurement of projects and services what Contingent Workforce Management (CWM) brings to the procurement of contingent labor. Similar to CWM, organizations that implement SPM can realize significant cost savings and efficiency improvements by optimizing how they procure and engage third-party providers.
As organizations gain visibility into their true business processes, they gain control of their spend and their relationships with their providers. This visibility eventually leads to the ability to optimize the process and maximize the investment and effort put towards outsourced projects and services. Early adopters are enjoying double-digit savings year over year and have turned around how they interact with their providers.
This white paper is for organizations that have already deployed a CWM solution, understand the business rationale that drove the decision to implement CWM and what is involved, and are now evaluating SPM as a possible next opportunity for significant savings and/or process enhancement.